Cheapest Insurance in New Mexico 2021

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  • Minimum coverage
  • Additional coverage
  • Minimum coverage carriers
  • Full coverage
  • Full coverage carriers
  • Cost by age
  • Poor driving record insurance
  • Carriers for poor driving record
  • Young drivers poor driving record insurance
  • Young drivers carriers for poor driving record
  • Discounts
  • Cost by car make
  • Cost by city
  • Lower costs
  • Methodology
New Mexico is home to 1.5 million drivers—and plenty of tourists who come to enjoy the scenery.
Although the state is very rural, 87% of New Mexico residents live in urban centers. Cities are associated with higher risk, especially places like Albuquerque and Santa Fe that suffer from serious traffic congestion. This usually means higher premiums.
The best way to get cheap car insurance is to compare quotes and carriers. Each insurer uses its own formula to determine premiums, weighing factors such as location, age, gender, driving history, and vehicle type. This means that car insurance rates can vary substantially from one insurance company to another, even within the same state.
Jerry offers a quick and convenient way to compare quotes and switch plans. Want to give it a try? Enter your ZIP code to get cheap car insurance quotes from the best insurance companies in New Mexico. If you want to learn more about New Mexico’s car insurance rates, then read on.
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Here’s how much real Jerry customers saved in New Mexico when they compared and switched.
Quote DateMake/modelcityAgeCarrierCoverage Type
Before Jerry
After Jerry
February 25, 2021Kia Telluride S
Silver City
37TravelersCustom$150/mo.$90/mo.
February 25, 2021Kia Telluride S
Silver City
37NationwideCustom$150/mo.$114/mo.
August 24, 2021Toyota Prius
Albuquerque
22ProgressiveBasic$276/mo.$123/mo.
December 9, 2020Hyundai Veloster Turbo
Las Cruces
27ClearCoverStandard$190/mo.$127/mo.
August 3, 2021Honda Civic EXL
Albuquerque
22SafecoCustom$200/mo.$170/mo.

Cheapest minimum coverage car insurance in New Mexico

In New Mexico, people are required to have the following minimum coverages:
  • $[25,000] bodily injury liability per person
  • $[50,000] bodily injury liability per accident
  • $[10,000] property damage liability per accident
Failing to meet the required minimums while driving in New Mexico is illegal. If you get caught, you could be subject to license suspension, fines, and vehicle impoundment.
Remember, the minimum insurance coverage is a requirement, not a recommendation. In some cases, minimum liability car insurance won’t cover all your expenses in the event of an accident. If you can afford to pay for more coverage, it’s generally a good idea to purchase a more comprehensive policy.
Here’s how much Jerry users pay for minimum liability car insurance in New Mexico:
Before Jerry
After Jerry
$2,438$1,375
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Additional coverages you might want to consider when shopping for car insurance in New Mexico

Risk factorCoverage to consider
Uninsured driversUninsured motorist protection helps cover any damages incurred as a result of an accident with a driver who doesn’t carry insurance.
High collision riskIf you get into an accident with another vehicle, collision insurance will cover repair costs for your car.
Flash floods & landslidesComprehensive insurance will cover physical damage to your car, including from a severe weather event like flash flooding or landslide.
New Mexico presents two major problems for drivers: a high percentage of uninsured drivers and poor quality rural roads. You should consider getting more than the minimum coverage to protect you and your vehicle from these risks

Best carriers for minimum coverage car insurance in New Mexico

Comparing rates with different insurers can help you find the most affordable coverage so that you don’t have to go without.
Here’s how much Jerry customers pay for minimum liability coverage with various carriers in New Mexico:
Insurance Company
Before Jerry
After Jerry
Allstate$1,554$814
Nationwide$3,432$1,224
Kemper$2,665$1,329
Progressive$2,493$1,392

Cheapest full coverage car insurance in New Mexico

Although full coverage costs more upfront, purchasing more coverage can protect you from the financial burden of an expensive accident (aka, it could end up costing less in the long run).
Full coverage car insurance policies generally include:
If you decide that full coverage insurance is the best option for you, Jerry can help you save there, too. Here’s what Jerry users pay:
Before Jerry
After Jerry
$2,272$1,718
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Best carriers for full coverage car insurance in New Mexico

Getting quotes from various insurance companies will help you ensure you have the most affordable rate for the coverage you need.
Here’s how much Jerry customers pay for full coverage car insurance with various carriers in New Mexico:
Insurance Company
Before Jerry
After Jerry
Progressive$1,627$1,250
Kemper$2,724$1,959
Safeco$3,060$2,632
While minimum coverage is enough to let you drive legally in New Mexico, full coverage—which includes comprehensive and collision insurance—offers stronger protection and can provide peace of mind. Look for a company that offers the protection you need and service you can rely on.

Cost to insure your car in New Mexico by age

Insurers value driving experience. The younger you are, the less experience you have, which will likely be reflected in higher insurance premiums.
While you’re unlikely to enjoy the same low rates as your parents, you can still get cheap car insurance quotes by shopping around and maintaining a clean driving record. No matter your age—whether you live in rural New Mexico or in a city—start by quote shopping with Jerry.
Here are the prices Jerry offers drivers by age:
Age Group
Before Jerry
After Jerry
18-20$3,177$2,129
21-24$2,557$1,614
25-34$2,412$1,539
35-44$2,174$1,428
45-54$2,106$1,412
55-64$1,889$1,289
65+$1,860$804
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Cost of insurance for drivers in New Mexico with a bad driving record

Drivers who have gotten into an accident, received a speeding ticket, or have been convicted of a DUI often pay higher car insurance rates.
New Mexico’s lookback period is ten years. Some companies have their own guidelines about how far back they look into your driving record before offering you a policy.
But there’s good news! Jerry can help New Mexico drivers find a competitive and cheap car insurance policy even without a squeaky clean driving record.
Driving Violation
Before Jerry
After Jerry
Clean Record$2,313$1,702
Improper Passing$2,400$744
Speeding over 15$1,092$1,008
Open Container$1,260$1,044
Careless Driving$1,200$1,068
Failure to Obey Traffic Sign$2,053$1,278
DUI$2,088$1,295
Speeding under 15$2,531$1,609
Defective Equipment$2,400$1,816
Other$2,437$1,436

Best carriers for drivers with infractions in New Mexico

Insurance Company
Before Jerry
After Jerry
Nationwide$2,048$1,500
Travelers$1,874$1,512
Kemper$2,602$1,564
Allstate$1,806$1,611
Progressive$2,380$1,680
Safeco$2,299$1,949
The price you pay for car insurance is influenced by your age and your driving record. Safe drivers typically get lower rates, but it’s still possible to find affordable insurance in New Mexico if you have a traffic violation on your record.
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Cost of insurance for young drivers in New Mexico with a bad driving record

Young drivers with less-than-stellar driving records have “double-trouble” insurability status, which can make finding affordable rates extremely difficult.
Fortunately, Jerry can help young drivers in New Mexico with prior incidents find the right coverage for the best price.
Driving Violation
Before Jerry
After Jerry
Clean Record$2,853$1,955
DUI$1,920$828
Failure to Obey Traffic Sign$2,265$1,239
Speeding under 15$2,608$1,555
Defective Equipment$2,400$1,816
Other$1,702$1,178
If you’re looking for the most affordable insurance for a young driver with a poor driving record in New Mexico, check out these top carriers.

Best carriers for young drivers with infractions in New Mexico

Insurance Company
Before Jerry
After Jerry
Nationwide$3,432$1,224
Travelers$2,028$1,317
Allstate$2,160$1,323
Safeco$1,495$1,392
Kemper$3,136$1,685
Progressive$2,650$1,738
Young drivers are considered high risk by insurance companies. A moving violation increases this perception.
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Types of discounts that might be available to you in New Mexico

Never underestimate a good discount. If you want to find cheap car insurance quotes, be sure to take advantage of any car insurance discounts that are provided by insurance companies in New Mexico. Here are some to keep an eye out for:
  • Customer loyalty (e.g. bundling, early renewal)
  • Demographic (e.g. good student, senior)
  • Driver affiliations (e.g. military, affinity)
  • Driving history (e.g. accident-free, safe driver)
  • Driver training (e.g. defensive driver course)
  • Equipment-related (e.g. anti-theft, new car)
  • Payment (e.g. auto-pay, paperless)
New Mexico allows insurers to consider factors like age, marital status, and zip code when they set your car insurance premium.
Some of the most common car insurance discounts in New Mexico include:
Discount typeWho is eligible?
Driver safety discountsDrivers in New Mexico who have been accident-free for several years can usually get a “safe driver” discount.
Defensive driving discountsNew Mexico drivers can qualify for a 5% discount by taking an approved defensive driving course. The course teaches how to avoid accidents, assess weather and traffic conditions, and drive safely. Check with your provider about approved programs.
Good student discountsIf you’re under 25 and a full-time student, you could get a huge discount on your car insurance premium. There’s also a “student away at school” discount for families where a child under 25 lives away from home and only drives during vacations.
Bundling your policiesGet your car and home policies from the same company and you could enjoy a reduced premium
Telematics programsBy installing a small device in your car to track driving behavior, New Mexico drivers can get rewards and discounts just for driving safely! It’s free to enroll and the company ships the device right to your doorstep.
So, how do you know which discounts you can actually benefit from?
Jerry can help you determine which discounts you qualify for, and it will automatically include them in real-time quote comparisons.
Most customers are eligible for some kind of discount on their premium—often, more than one!—but you may need to ask your insurance company which ones you qualify for.

How much does it cost to insure my car make in New Mexico?

The most popular car in New Mexico is the Nissan Altima, a mid-size sedan that has great safety ratings. Generally, cars with good safety ratings and good fuel economy can be insured affordably.
If you drive a relatively inexpensive car, you can generally expect to pay lower insurance premiums. This is because it will cost less to repair or replace a common car than a rare and expensive vehicle.
If you drive fewer miles, you may also pay less for insurance because you’re less likely to get into an accident.
Here’s what you can expect to pay to insure some other popular car makes/models with and without Jerry:
Make / model
Before Jerry
After Jerry
Audi Q5 Premium Plus$2,064$1,104
Chevrolet Silverado C1500 LT$1,700$570
Chevrolet Sonic LTZ$1,848$1,272
Dodge Challenger SXT$2,292$1,836
Ford F150 Super Cab$2,280$1,506
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Cheapest car insurance in New Mexico by city

Just as car insurance rates vary by state, they can also vary by city and ZIP code. Drivers in cities tend to pay more than drivers in rural areas because urban centers have higher rates of accidents, thefts, and claims.
New Mexico may only have a few metropolitan centers, but incoming tourists contribute to traffic problems in the warmer months. Statistics show that June is the month with the highest traffic fatality rate in New Mexico. It is also the month with the highest rate of alcohol-involved fatalities.
All of these factors contribute to the cost of an insurance premium in New Mexico.
City
Before Jerry
After Jerry
Albuquerque
$2,292$1,730
Las Cruces
$2,083$1,506
Carlsbad
$2,224$1,465
Santa Fe
$2,872$1,813
Rio Rancho
$2,131$1,641
Hobbs
$3,007$1,910
Roswell
$1,850$1,368
Clovis
$1,816$1,301
Artesia
$1,176$1,030
Las Vegas
$1,512$1,130

Additional ways to lower your car insurance

To get cheap car insurance, you may want to consider raising your deductible. When you file a claim, the deductible is the amount of money you have to pay out of pocket before your car insurance kicks in to cover the remaining balance. If you increase your deductible, this could lower your premium—but be aware that this means you’ll incur higher initial out-of-pocket costs in the event of an accident.
It’s also a good idea to update your car insurance to reflect any major life changes that have occurred since you received your last auto insurance quote. For example, if you’ve gotten married, you may be offered lower rates because married people are perceived to be safer drivers. Or if you’ve moved to a rural area, you may qualify for reduced rates because you’re less likely to get in an accident and file a claim.
It can be hard to keep track of your car insurance renewals while also juggling your own daily obligations. That’s why Jerry reassesses your premium every six months. At each renewal period, Jerry can help you make any relevant updates and ensure you get the lowest possible price for your coverage.
Want to find out if you’re overpaying? Let Jerry do the work for you.

Methodology

Unless otherwise specified, these estimates are based on drivers older than 30 who have good driving records. These are real people who have signed up with Jerry in the last six months.
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